Question

To ask His Majesty's Government, further to the remarks by Lord Leong on 21 July (HL Deb col 1078), in which scenarios the Secretary of State would consider adopting a business-size definition different to existing definitions.

For the purpose of exemptions to maximum payment terms under the Commercial Payments Bill, the Government will consider aligning with business size definitions in existing legislation. Definitions of business sizes will be set out in secondary legislation, following consultation with stakeholders. Any departure from an established definition will therefore require a clear and evidenced justification.